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First Trust Preferred Securities and Income ETF

404 hedge funds and large institutions have $4.13B invested in First Trust Preferred Securities and Income ETF in 2023 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 127 increasing their positions, 173 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 36

34% more capital invested

Capital invested by funds: $3.08B → $4.13B (+$1.05B)

18.25% more ownership

Funds ownership: 59.91%78.16% (+18%)

4% more funds holding

Funds holding: 387404 (+17)

10% less funds holding in top 10

Funds holding in top 10: 2119 (-2)

27% less repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 173

37% less call options, than puts

Call options by funds: $266K | Put options by funds: $422K

Holders
404
Holders Change
+17
Holders Change %
+4.39%
% of All Funds
5.89%
Holding in Top 10
19
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.52%
% of All Funds
0.28%
New
57
Increased
127
Reduced
173
Closed
36
Calls
$266K
Puts
$422K
Net Calls
-$156K
Net Calls Change
-$269K
Name Holding Trade Value Shares
Change
Change in
Stake
MRCM
301
M&R Capital Management
New Jersey
$263K -$16K -994 -6%
AFAS
302
Acorn Financial Advisory Services
Virginia
$260K +$249K +15,443 New
SCI
303
Stableford Capital II
Arizona
$259K
KWA
304
Kingswood Wealth Advisors
California
$258K +$247K +15,330 New
IAS
305
Insigneo Advisory Services
Florida
$251K -$15.8K -982 -6%
AWAG
306
ARS Wealth Advisors Group
Florida
$251K +$1.65K +102 +0.7%
WP
307
WealthShield Partners
North Carolina
$250K -$49.7K -3,082 -17%
VCM
308
Virtue Capital Management
Tennessee
$249K +$20.4K +1,267 +9%
MFG
309
Merit Financial Group
Georgia
$248K -$61.9K -3,837 -21%
CFD
310
Creative Financial Designs
Indiana
$248K +$217K +13,476 +1,106%
SVWAG
311
Sound View Wealth Advisors Group
Georgia
$246K -$38K -2,354 -14%
TPWA
312
TRUE Private Wealth Advisors
Oregon
$243K +$233K +14,430 New
CIA
313
Capital Investment Advisors
Georgia
$243K -$41.7K -2,582 -15%
AFC
314
AFT Forsyth & Company
Florida
$236K
WT
315
Whittier Trust
California
$235K +$144K +8,910 +178%
FAIM
316
Financial Advocates Investment Management
Washington
$233K -$4.34K -269 -2%
BFG
317
Baron Financial Group
New Jersey
$226K -$1.28M -79,304 -86%
DC
318
DeDora Capital
California
$225K -$7.08K -439 -3%
SWM
319
SeaCrest Wealth Management
New York
$224K -$162K -10,030 -43%
Creative Planning
320
Creative Planning
Kansas
$224K +$36.8K +2,283 +21%
SOS
321
Silver Oak Securities
Tennessee
$222K +$212K +13,166 New
HWP
322
Hibernia Wealth Partners
Louisiana
$221K +$208K +12,884 +5,506%
SNB
323
Security National Bank
Nebraska
$218K +$23.7K +1,467 +13%
NPFS
324
Novak & Powell Financial Services
Florida
$212K +$203K +12,581 New
TWM
325
Tradition Wealth Management
Minnesota
$210K -$62.2K -3,857 -24%

FPE Hedge Fund Activity: Q4 2023 in Review

404 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q4 2023, worth a combined $4.13B — up 34% from $3.08B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new FPE positions and 36 closed out — a net gain of 21 holders — while 127 added to existing stakes and 173 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $691M. The largest seller was Berger Financial Group, cutting an estimated $23.8M.

  • 404 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q4 2023, up from 387 in Q3 2023.
  • Funds reported $4.13B of First Trust Preferred Securities and Income ETF stock for Q4 2023, up 34% quarter-over-quarter.
  • 57 funds opened new First Trust Preferred Securities and Income ETF positions in Q4 2023 and 36 closed out, a net change of +21 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q4 2023 was Morgan Stanley, an estimated $691M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q4 2023 was Berger Financial Group, an estimated $23.8M sold.

Based on aggregated 13F filings for Q4 2023.